Notcoin recently launched on Binance Launchpool and OKX Jumpstart with a total circulating supply of 102.7 Billion $NOT. After launch, there are turns of events that have happened, positioning the coin as an early performer.

Notcoin Showers Telegram and Pavel Durov with $6.8 Million Token Donation

In a remarkable display of gratitude, Notcoin, the groundbreaking play-to-earn game, has bestowed a generous gift upon Telegram and its founder, Pavel Durov. The donation consists of over 1 billion NOT tokens, valued at approximately $6.8 million at the time of disbursement.

This extraordinary gesture was announced through a social media post on May 17, featuring a screenshot of the transaction and a heartfelt message expressing Notcoin's deep appreciation for Telegram's innovative platform and Durov's pioneering spirit.

The transaction description reads, "A tribute to the architects of connection and creativity. This donation is a testament to the profound impact Telegram has had on the lives of Notcoin's community members, who have benefited from the messaging app's vast reach and versatility."

Source: Twitter

Notcoin's generosity is an example of the power of community and the importance of acknowledging the contributions of others. By showering Telegram and Pavel Durov with this substantial token donation, Notcoin is not only expressing its gratitude but also fostering a spirit of collaboration and mutual support within the digital landscape.

Pavel Durov's Response to the Token Donation

Followed by the donation of 1 Billion NOT tokens, Pavel Durov, who holds an estimated net worth of $15.5 billion, expressed his appreciation via a Telegram post: "Half a million Notcoin users gifted me $6.8 million worth of Notcoin! Thank you. I will hold these coins until they turn to $680 million, at which point I will use them to buy more servers for Telegram."

Donation Sparks Controversy

The donation to Telegram and Durov, however, raised red flags among the Notcoin community. This is because Notcoin launched less than 2 days before the donation and the price is continually going towards a downward trend.

Further, the Notcoin team has promised all donors the double of what they have contributed. This raised controversy as some opined that the team is not transparent enough and there is a lack of clear communication.

After a public statement by Pavel Durov hailing Notcoin as "an amazing success story", observers suspect that the donations might actually be a concealed payment for promotion rather than a genuine gratitude gesture.

$NOT Continues on a Downward Trend

The price of Notcoin (NOT) is $0.0056 today with a 24-hour trading volume of $174 Million. This represents a -6.85% price decline in the last 24 hours. Notcoin has a total market value of $575.38 million. Despite a recent downturn in price attributed to market volatility and speculative trading, Notcoin’s fundamentals remain strong.